Quote:
Originally posted by autofx
Do the arithmetic on $100/month/subscriber times
1,000 subscribers. Or 2,000 and up, for that matter. It costs
virtually nothing to add new e-mail addresses to a
distribution list. So, you add more income for nothing spent
and with very little effort or hassle. I think most businessmen
would believe such a venture is very worthwhile.
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First, let's start with the credentials. I've been trading for the living close to 7 years now. I used to have very successful software development company before. I've sold it. I've decided to change the carrier (which is start trading forex) and I obviously needed some capital to be able to live from it.
I used to have marketing department and obviously I have an idea what does it take to make 2000 sales, keep and support them on monthly basis.
You keep twisting my point. Selling signals makes perfect sense to signal providers and that's what they do for the living. Buying signals is the different story. Lack of qualification (discipline, trust in the system, etc.) by the subscribers makes it an easy bet against them making money over long run on average. System itself maybe good or bad (only time will tell), the point is most people looking for signals are not qualified to follow or judge it.
Very few fund managers offers signal services. This is what I've stated and it is true. Some do (mostly the big institutions with extensive staff). Also I've stated most signal providers are not making living out of trading (I didn't say it is good or bad) - true again.
If your trading is good, it is much easier to acquire 100K-5MM customers, which doesn't require any maintenance on top of what you do already also retention rate is extremely low.
Quote:
Originally posted by autofx
And consider this: Jim Cramer, who has a net worth in the
nine figures, has his "Action Alerts" service, which is in the
category of service we are talking about.
Why do you think he does it?
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I don't know the guy. Does he manage any fund? What part of his assets does he trust to his system?
Anyway, if the guy has acquired net in the nine figures, he has my respect.
Quote:
Originally posted by autofx
Maybe you don't know what you're talking about.
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Didn't anybody teach you the good manniers?